May 8, 2006 Newsrelease

May 8, 2006

NORDIC OIL AND GAS LICENSES NEW BELLY RIVER WELL AT JOFFRE

WINNIPEG, MB. (MAY 8, 2006) - Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd. (TSXV: NOG) is pleased to announced that the Company has licensed a new Belly River well at 16-20-38-24 W4 at Joffre. The Company is currently seeking a rig and will commence drilling as soon as one is secured.

The licensing of this Belly River well complements Nordic’s recent announcements that three new Coal Bed Methane (CBM) wells have been drilled at Joffre.

“We are continuing our strong and extensive drilling program in Joffre, as we move toward our goal of drilling up to 15 new wells in the region,” stated Mr. Benson. “The drilling of this new well leaves us with nine further Belly River and eight CBM locations within the same three sections of land.

Nordic Oil and Gas is a junior oil and gas exploration company, which is listed on the TSX Venture Exchange and trades under the symbol NOG.

For additional information, contact:

Donald Benson
Chairman & CEO
Nordic Oil & Gas Ltd.
Tel: 204-956-5042
Fax: 204-897-7154
E-mail: dbenson57@shaw.ca